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THE UNITED STATES CONSTITUTION .. You may have heard a lot about what other people have to say, but
when did you last read the words.    You may be able to get a copy from local assemblyman just by asking.

TRANSACTION FEES .. As some real estate brokers experience higher operating costs and / or lower profitability, they are adding extra fees for services which are in addition to the commission. Thse can have creative names such as transaction fee, coordinator fee, processing fee etc. They should be disclosed before you list your property. If they pop up later your sale will cost you more than you expect.

FINDING IT HARD TO WORK ON YOUR CREDIT REPORT?      According to our sources the Federal trade commission determined that Experian, Transunion and Equifax, the three big companies that maintain information about your credit were fined $2.5 million for blocking consumer efforts to correct reporting errors. Sears was fined $300 million for collecting debts after they were discharged in bankruptcy. Share your experiences with us.

HOUSING AFFORDABILITY down dramatically according to recent figures from the California Association of Realtors. As of September 12. 2003 they are projecting a quick rise in the price of lumber, double current numbers. Is it time to buy a lumber distribution company?        
              Dec 20, 2003           AFFORDABILITY GAP BETWEEN U.S. AND CALIFORNIA AT 32 POINTS    The percentage of households in California able to afford a median-priced home stood at 25 percent in October, a five percentage-point decrease compared to the same period a year ago when the Index was at 30 percent, according to a report released today by the California Association of REALTORS® (C.A.R.).
              The October Housing Affordability Index (HAI) increased by one percentage point from September when it stood at a revised 24 points. C.A.R.'s monthly housing affordability index measures the percentage of households that can afford to purchase a median-priced home in California. C.A.R. also reports housing affordability indexes for regions and select counties within the state. The index is the most fundamental measure of housing well-being in the state.
              The minimum household income needed to purchase a median-priced home at $381,200 in California in October was $89,340, based on a typical 30-year, fixed-rate mortgage at 5.83 percent and assuming a 20 percent downpayment. The minimum household income needed to purchase a median-priced home was up from $78,160 in October 2002, when the median price of a home was $324,670 and the prevailing interest rate was 6.14 percent. The minimum household income needed to purchase a median-priced home at $172,400 in the U.S. in October was $40,410.

UGB  STANDS FOR URBAN GROWTH BOUNDARIES. This is a very important issue now in California. The moves are afoot statewide to limit growth by the application of restrictions on the expansion of housing into suburbia. Watch for this to be a hot topic in the coming years. This will be one of the factors inflating the cost of housing.

A PROPOSAL to encourage real conservation and reductions in government spending is not now before the Congress or State governments. If it were, there would be a call for less travel to and from work by locating the work places closer to home or big tax breaks for employees who work from home or relocate to within five miles of their work. This would reduce road congestion, fuel consumption, pollution, wear and tear on vehicles, roads etc, lower accidents, reduce insurance costs and give people more time with families.

FIAT MONEY..What is it and how does it work. The world is headed towards this type of money and we think you should understand what it is and the effect this type of money has had in the past.  A short book on it is FIAT MONEY IN FRANCE by Andrew Dickson White, approximately $8, short but enlightening.  Amazon or local bookstore to order. A long book but much more interesting is THE CREATURE FROM JEKYLL ISLAND by G. Edward Griffin priced about $16 in paperback (starts off like a mystery're sure to enjoy this one)

The U S Treasury and the Federal Reserve are examining permission for banks to sell real estate. In 1933 the government said no and for very good reasons. That feels almost as good as social security money in the stock market. See your local newspapers for progress.